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CJ Entertainment 
Busan Film Festival 
CJ Entertainment, long South Korea and Asia’s leading movie conglomerate, has now set its sights on becoming a fully-fledged global film producer.“The domestic [Korean] market has been highly saturated in recent years. Expanding overseas is no longer a choice but a necessity,” said Jeong Tae-sung, CEO of CJ Entertainment, at a recent event in Seoul.The company, which typically has a 30% share of the Korean distribution market, and is a sister company of leading exhibitor CJ-CGV, now aims to produce...
CJ Entertainment
Tae-sung
Jeong
CEO
In 2012, CJ Entertainment, the film division of Korea’s largest entertainment conglomerate, CJ E&M, was struggling with its blockbusters and needed a shot in the arm. After early careers at the Busan Festival’s Asian Project Market and major studio Showbox, the smooth, multilingual executive was seen as the man for the job. He has since sought to expand CJ abroad, not only as a distributor but an investor and co-producer. While the China strategy has been hobbled by political problems, CJ is enjoying success with multiple local-language versions of the company’s IP. The 2014 hit “Miss Granny” is now being given remakes in Turkey and North America, while in Hollywood, Jeong and CJ are developing a double-figure slate of original films and remakes.
